New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    The difference between C.I and S.I on a certain sum for 3 years is Rs. 122 at 5% p.a. Then find the sum?

    A 8000 Correct Answer Incorrect Answer
    B 12000 Correct Answer Incorrect Answer
    C 16000 Correct Answer Incorrect Answer
    D 20000 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Difference between SI & CI for 3 years= P × r × r(300+r)/(100 × 100 × 100) =122 P × 25 × 305/1000000 = 122 P = 16000

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